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You’ve seen Metal Cards around. Someone flashes one in a coffee shop. Your friend pulls one out at dinner. It catches your eye, and you wonder, how did they get one?
Now you can get a sleek Metal Card of your own with KOHO! For people growing their money, and making life better, every single day.
Sign up to the yearly Everything plan to get one. It’s our best card on our best plan–with a purple glow like no other.
So Metal Cards look good–we know that. But why else would you want one? Here’s a little more about them and their benefits.
What is a Metal Card?
Well firstly, they’re metal! Often made from titanium or stainless steel, they’re strong and long-lasting with less chance of snapping or fading.
Metal Cards are usually part of a paid plan which comes with additional benefits alongside the card. Most Metal Cards offered by the big banks in Canada are credit cards which means you need to be eligible to get one. Though you can get a Metal prepaid Mastercard with KOHO! More on that later.
Are Metal Cards worth it?
If you’re trying to weigh up the pros and cons, here are the key differences between metal and plastic cards.
| Metal Cards | Plastic Cards | |
|---|---|---|
| Appearance | Sleek with a glossy finish that makes them feel exclusive. Be prepared for conversation when you take it out to pay! And the metallic surface is embossed with your details and a logo which add to its luxurious look. | More commonly issued by banks and financial institutions. Flexible in terms of design and customisation–they can be printed in bright colours with detailed graphics and personalised information. |
| Durability | Made from titanium, stainless steel or a combination of metal alloys, the strong material can withstand everyday use. No bending or breaking here. It’s a long lasting credit card, debit card or prepaid card. | Made from PVC or other synthetic materials, they withstand typical wear and tear, but are not as durable as metal. Plastic can scratch, fade or break more easily. |
| Feel | Metal is heavier than plastic. This is where you really feel the difference! The weight is one of the reasons it feels so premium and unique. | Plastic is light and flexible which makes it easy to carry and handle during payments. |
| Account benefits | Metal Cards are usually on the highest fee account with the best benefits. These perks often include high cash back and interest rates, complimentary airport lounge access, concierge services and dedicated customer support. They’re a premium card with premium benefits. | Everyone gets a Plastic Card on any account. They’re on lower fee accounts and are for a broader customer base. They also offer rewards like cash back, travel miles, discounts and warranty protection. These tend to be lower than the rewards with Metal Cards. |
| Account benefits | Metal Cards are usually on the highest fee account with the best benefits. These perks often include high cash back and interest rates, complimentary airport lounge access, concierge services and dedicated customer support. They’re a premium card with premium benefits. | Everyone gets a Plastic Card on any account. They’re on lower fee accounts and are for a broader customer base. They also offer rewards like cash back, travel miles, discounts and warranty protection. These tend to be lower than the rewards with Metal Cards. |
How can I get a Metal Card?
In Canada, the big banks only offer Metal in the form of credit cards, usually on the most expensive plans. So if you want one the traditional way, you have to have a high salary and a good credit score.
Here’s how you get a Metal Card with one of the big banks:
Find the card that suits your needs. Compare fees, features, interest rates and rewards
Check if you’re eligible. You must:
Be a Canadian resident with enough credit history.
Be “age of majority” in your province or territory.
Have a credit score of at least 660.
Have a yearly income of around $150,000 for an individual or $200,000 for a household.
Fill out an application. Do this online or in person and wait to find out if you’ve been approved.
Want something different to the big banks? The KOHO Metal Card is a prepaid Mastercard–so you don’t need to be eligible for a credit card to get one. You can use Metal for your everyday spending, while saving and building all in one place.
What are the benefits of a KOHO Metal Card?
Let’s take a closer look. You can get a Metal Card with KOHO when you sign up for the yearly Everything plan [link] for $177 a year. Forget huge fees and high credit scores.
It’s our best card for our best plan. And…It’s purple! Pull it out at the supermarket or coffee shop and be ready for lots of questions.
The best bits
Sleek design with a purple glow
Your name embossed into metal
A prepaid Mastercard, not a credit card
Extra secure with your details on the back
Comes with a virtual card to for tap payments
So, the Metal Card is one benefit of the yearly Everything plan. What else do you get?
The yearly Everything plan
5% Interest on your balance
2% cash back on groceries, transport, food and drink
Up to 5% extra cash back at selected merchants
50% off Credit Building
3GB international eSIM data every month
No foreign transaction fees
Free Credit Score
Is a Metal Card right for me?
They’re strong, beautiful and exclusive. Until now, Metal Cards have only been for those with a huge salary and a high credit score. Not anymore. Make Metal yours with our yearly Everything plan to strengthen your wallet.
Want your name embossed in Metal? Sign up to the waitlist to get yours.